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Crypto gaming is one of the fastest-developing sectors of the blockchain industry. In 2023, it is estimated at $7.89 billion and is forecasted to reach over $300 billion by 2030. Some see it as the next ship to onboard for lucrative long-term investments. And after a closer look at it, we can easily understand why.
The strength of the crypto gaming market lies at the crossroads of several technological advances, including blockchain, cryptocurrencies, and the Metaverse. Including new economic models, such as play-to-earn (P2E), expands video gaming’s sole entertainment purpose into a lucrative endeavor for everyone. As a result, a growing global community of gamers, investors, and crypto enthusiasts is increasingly active in crypto gaming.
Almost everyone in the crypto industry is eagerly anticipating an imminent bull market. Moreover, many believe crypto gaming will be at the forefront of the next bull run. The easiest way to ensure you don’t miss it is to endorse crypto gaming tokens with considerable potential. Here’s a list of the most promising tokens in crypto gaming to consider.
Planet IX (IXT)
We kick off our selection with one of the most popular crypto gaming tokens – IXT – the native token of Planet IX. This gaming project has been on the blockchain for almost two years, but it already benefits from a high user base that has stuck with it even through the recent bear market. Moreover, it has a steady flow of on-chain transactions and a growing community of active players.
Planet IX is an online NFT game set in a post-apocalyptic world where the players must rebuild into the ultimate utopia. Its Metaverse consists of over 1.7 billion hexagonal land parcels or PIX. Each land plot is an ERC-721 asset player that trades, stores, and develops to create value.
The project’s proprietary ERC-20 IX token ($IXT) fuels all the mechanisms in the Planet IX ecosystem. Holders can use it for in-game transactions, interactions, developing PIX, and rewards. Additionally, the $IXT token provides users with governance powers.
Currently, IXT represents a favorable entry for new crypto investors. At the time of writing, IXT was trading for only $0.24, an accessible price for beginner and expert crypto enthusiasts alike. The IXT token is available at many crypto exchanges, including Quickswap, MEXC, and LBank.
For several reasons, IXT represents a reliable opportunity ahead of the incoming bull run. Firstly, it provides various rewarding avenues for holders. For example, staking IXT tokens can help you earn up to 19% APY. Moreover, the project has a lucrative referral program, where users get up to 10% commission when referring new IXT buyers.
Thanks to its rapid development, $IXT has attracted the interest of other blockchains and projects, which can help the game grow further once they onboard it. In the crypto gaming community, IX Planet is regarded as a steady project with a predictably safe long-term development. This is due to its Stockholm-based team of 30+ experts who have made IX Planet the Polygon-based game with the most transactions since its on-chain launch in 2021.
You can find the best places to buy IXT as well as stake the token here.
Axie Infinity (AXS)
Axie Infinity is one of the top play-to-earn games and is among the pioneers of GameFi. Since its launch in 2018, the game has grown in popularity and become the gateway to blockchain-based games for many. Today, it attracts nearly 400,000 daily gamers seeking a fun and engaging way to monetize their playing time.
In a nutshell, Axie Infinity is a virtual world full of peculiar, Pokémon-inspired creatures called Axies. Players have to collect them before breeding and raising them into battle-ready pets. Each Axie is a unique NFT tradeable on decentralized exchanges. They exist in a limitless game world with their own in-game economy enabling players to buy, sell, and trade resources they earn in the game.
Fueling the Axie Infinity ecosystem is Axie Infinity Shards (AXS), an ERC-20 token necessary to complete in-game payments. The token also enables players to stake their tokens and NFTs to earn a passive income. Moreover, it gives holders governance powers, allowing them to have a say in the project’s development.
The game also features another token, the Smooth Love Potion (SLP) cryptocurrency. Players can use SLP to pay the fees for breeding Axies and improving their stats. They can earn this token simply by playing the game and progressing within the game world. Alternatively, token holders can stake their AXS for steady returns.
At the time of writing, AXS was selling for around $6 and had a market cap of $824 million. The developers set the maximum token supply at 270 million tokens when they released AXS in 2020. As of August 2023, over half of that amount (140 million AXS) was in circulation. Gamers can purchase AXS on several exchange platforms, including top exchanges like Binance, Huobi Global, Coinbase, Bithumb, KuCoin, Gate.io, and Kraken.
AXS should be a reliable choice for those seeking crypto gaming tokens before the next bull run. However, it’s not a sure buy. While AXS remains one of the top-trading P2E gaming tokens, Axie Infinity has seen its player base diminish gradually in recent months.
Decentraland is one of the trailblazers of Metaverse games, featuring an immersive universe with complex game mechanics and a standalone economy. The game launched in 2020 as a 3D virtual world browser-based platform, enabling players to buy, sell, and own Metaverse land. Today, over 40,000 gamers log into Decentraland daily, with 1/5 of them being new or unique visitors.
Access to Decentraland is cryptocurrency-based. You can create characters as NFTs and explore this boundless Metaverse. Meanwhile, you can interact and communicate with other players worldwide and attend virtual events, art galleries, and other applications. Alternatively, you can create in-game items, clothes, and accessories and sell them to other players via the game’s marketplace or external NFT marketplaces.
You cannot do much in Decentraland without the game’s token, MANA, which operates on the Ethereum blockchain. This token is necessary for buying virtual land or items and accessories for your avatar on the Decentraland marketplace. MANA is an ERC-20 token that must be burned to purchase ERC-721 LAND tokens.
MANA gives its holders the right to vote in the Decentraland DAO. Several crypto exchanges have MANA available, but you can also obtain it by selling collectibles within the Decentraland metaverse. You can convert them to wrapped MANA (wMANA) to commit them for DAO votes, where 1 wMANA equals 1 vote. Unfortunately, you cannot stake MANA for rewards but earn more tokens by joining the game’s referral program.
At the time of writing, MANA was selling for around $0.37 and had a market cap just north of $700 million. The total supply of MANA tokens does not have a preset maximum limit. As of August 2023, around 1.9 billion MANA tokens were in circulation out of a total supply of 2.1 billion tokens.
Decentraland is a powerhouse of the metaverse gaming sector, and holding MANA is a reliable way of onboarding a popular project. Since its launch, the token has grown significantly and remains a desired asset among crypto gaming token investors. However, MANA is still far from its all-time high (ATH) price, $5.90, which it set nearly two years ago.
The Sandbox (SAND)
The Sandbox has a unique approach to blockchain-based gaming, allowing players to build and explore endless virtual worlds within the same Metaverse. It features NFTs, advanced tools, and engaging gameplay, enough elements to attract even the pickiest gamers. However, its most interesting aspect is that it enables users to earn by playing, owning virtual land, or selling their creations in the game’s marketplace.
The concept behind The Sandbox came out in 2012, but it wasn’t until 2018 that its developers adapted it for the blockchain. The platform focuses on user-generated content and proposes a unique P2E game model that makes it stand out as a reliable opportunity in the next bull market.
The Sandbox users can be highly active within the game’s economy, contribute with their creations and earn benefits in cryptocurrencies and NFTs. The platform’s in-game abounds in user creations attracting gamers, NFT collectors, and crypto enthusiasts worldwide.
Like most crypto gaming projects, The Sandbox has a native token, SAND, binding the entire ecosystem. Holders can use it to buy, sell, or trade in-game assets, resources, and other items. Furthermore, you can use it to personalize your avatar’s appearance and boost the overall gaming experience.
The SAND token also promotes decentralized governance, allowing holders to express their views on the project’s development. You can purchase the token at major crypto exchanges, including Binance, Uniswap (V2), Gate.io, and LATOKEN.
In 2022, The Sandbox launched a staking program, allowing token holders to earn up to 24.50% APY on their SAND stakes.
At the time of writing, one SAND token was selling for around $0.40 and had a market cap of approximately $788 million. The Sandbox developers established a maximum token supply of 3 billion SAND tokens. Currently, nearly 2 billion SAND are in circulation. This high amount of circulating tokens makes SAND a reliable investment option ahead of the next bull run.
Nevertheless, prospected SAND buyers should do their due diligence before purchasing. The Sandbox has been on a declining trend for almost two years. In fact, the token’s price is far from its all-time high set at $8.44 in 2021.
Gala Games (GALA)
Gala Games is an increasingly popular presence in the blockchain gaming sector. This platform hosts several Web3 games within a growing ecosystem ready to compete with other mainstream projects. Thousands of gamers log onto it daily mainly because Gala Games rewards game time with tokens and NFTs they can later trade for other digital assets or even fiat currencies.
Most of the games and applications on Gala Games are free to play. They empower players with enough freedom and control to create, build, and grow in a safe environment. More importantly, they don’t have to spend consistently to continue enjoying their favorite games.
One of the most exciting aspects of Gala Games is its use of NFTs. For instance, many games reward players for their achievements with non-fungible tokens. Moreover, the platform gives NFT owners governance powers and the privilege to vote on proposals deciding the ecosystem’s development.
Users can always purchase NFTs with GALA – the core utility token of Gala Games. This token has several roles on the platform, including being the reward Node Operators get for supporting the ecosystem. GALA is listed on many crypto exchanges, such as Coinbase, Binance, and Uniswap.
The platform distributes 50% of the daily GALA emissions to the Node operators and the rest to the Gala Games conservatorship. The latter funds go toward project funding and growing the Gala Games ecosystem.
At the time of writing, GALA tokens were selling for around $0.02 apiece. The token had a market cap of about $500 million and a 24h traded volume of around $60 million. The Gala Games developers established a maximum supply of 50 billion GALA tokens. Currently, only 22 billion GALA are in circulation.
GALA tokens could be a worthy investment for NFT and GameFi enthusiasts ahead of the next bull run. The token’s minuscule price should allow most investors to purchase considerable amounts of it. However, it also means that the ROI would be insignificant since the token’s price is unlikely to break the bank. After all, GALA’s all-time high is only $0.83.
These five crypto-gaming tokens should be reliable opportunities for those looking to make the best of the upcoming bull run. They already benefit from widespread community support and the backing of essential industry brands. Therefore, they will likely follow the market’s uptrend when it picks off. Nevertheless, you should always do your due diligence before investing or onboarding any project.